Exhibit 99.1


Stanley Black & Decker Reports 1Q 2019 Results

New Britain, Connecticut, April 24, 2019
… Stanley Black & Decker (NYSE: SWK) today announced first quarter 2019 financial results.

1Q’19 Revenues Totaled $3.3 Billion, Up 4% Versus Prior Year, Fueled By 5% Organic Growth And 3% Growth From Acquisitions
1Q’19 Diluted GAAP EPS Was $1.13; Excluding Charges, 1Q’19 Diluted EPS Was $1.42, Overcoming $160 Million Or Approximately $0.90 Of EPS In External Headwinds
EPS Outperformance Driven By Strong Operational Performance And 16 Cents (~50% Of Outperformance) Of Tax Timing Within The Year
Successfully Completed Acquisition Of IES Attachments
Raising Full Year Diluted GAAP EPS Guidance Range to $7.50 - $7.70 (From $7.45 - $7.65), Raising Adjusted EPS Guidance Range To $8.50 - $8.70 (From $8.45 - $8.65) And Reiterating Free Cash Flow Conversion Estimate Of Approximately 85% - 90%

1Q’19 Key Points:

Net sales for the quarter were $3.3 billion, up 4% versus prior year, as positive volume (+3%), acquisitions (+3%) and price (+2%) more than offset currency (-4%).
Gross margin rate for the quarter was 33.2%, down approximately 300 basis points versus prior year as volume leverage, productivity and price were more than offset by carryover external headwinds from prior year, including commodity inflation, foreign exchange and tariffs.

SG&A expenses were 23.4% of sales. Excluding charges, SG&A expenses were 22.7% of sales compared to 24.0% in 1Q’18, reflecting tight cost control, including the savings from the 4Q’18 cost reduction program.

Restructuring costs for the quarter were $8.7 million. Excluding charges, restructuring costs for the quarter were $1.6 million compared to $21.8 million in 1Q’18.


The following information was filed by Stanley Black Decker, Inc. (SWK) on Wednesday, April 24, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Stanley Black Decker, Inc.'s financial trajectory

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